Editor's Note: Active crypto trading isn't something we do at Trade of the Day, but if you're interested in cryptos, our good friend Andy Snyder of Manward Press is who you should listen to. His research below details why now is the best time to get in - even after Monday's pullback. And if you need help with exactly what to buy, you can learn all about Andy's favorite crypto right here. - Bryan Bottarelli, Head Trade Tactician
"This is it... the moment the Bitcoin bulls have been waiting for." Andy Snyder, Founder, Manward Press This is it... the moment the Bitcoin bulls have been waiting for. The king of cryptos just made a "golden cross" - perhaps the most bullish chart pattern of them all. The last two times this happened, the coin's price soared by five times on the first run and by three times on the second. Folks got rich. If you've been on the fence about buying crypto, this is the signal you've been waiting for. The headlines lit up after the formation appeared in the charts earlier this month. "BTC golden cross achieved! A bullish indicator and all-around great news for bulls!" one proclaimed. "Bitcoin bull run expected as 'exhausted' bears sell at a loss," another read. But India's Economic Times summed it up best... "Bitcoin on verge of eighth golden cross, portending run to new high," it declared. Bitcoin $1,000,000? With previous crossovers leading to 3X and 5X returns, does this mean the calls for $100,000 Bitcoin by the end of the year are back on the table? Famed crypto bull Cathie Wood sure thinks so. She's calling for a $500,000 price tag in just five years. The chart formation tells us the market backs her math. Again, this is only the eighth time this has happened in Bitcoin's history - a short history that has seen the icon go from just a few cents to highs of more than $60,000 per coin. Each golden cross - which is a chart pattern formed when an asset's 50-day moving average crosses above its 200-day average - notches another big long-term move for the digital currency. In other words, as pundits celebrate the move, it marks the start of another chapter in this economy-jolting story. But here's the thing... This is NOT about just Bitcoin. Scanning my various recommended portfolios, I see several other coins that have just went through similar golden crosses. These are coins with even more explosive potential. That's the thing with all of this. Bitcoin may set the direction, but it doesn't set the speed. I'll explain. | 
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